March 2025 Commercial Truck Guidelines
MARCH 2025 COMMERCIAL VEHICLE MARKET UPDATE
SUMMARY
Sales volume at auctions and on dealer lots was seasonally low in February 2025. Auction pricing dipped from January 2025, while retail pricing was stable.
CLASS 8 AUCTION UPDATE
February is historically the second-lowest month of the year in terms of sales volume. February 2025’s volume met this expectation, and pricing showed mild to moderate depreciation compared with January.
Looking at late-model sleeper tractors, average pricing for our benchmark truck in February was:
- Model year 2023: $81,700; $1,951 (2.3%) lower than January
- Model year 2022: $58,088; $301 (0.5%) lower than January
- Model year 2021: $38,340; $2,665 (6.5%) lower than January
- Model year 2020: $37,131; $2,641 (6.6%) lower than January
- Model year 2019: $24,672; $160 (0.7%) higher than January
At auctions in February, selling prices for the four- to-six-year-old cohort of our benchmark truck averaged 4.0% less than January, but 8.9% higher than February 2024. Pricing for that group is currently 11.9% higher than the strong pre-pandemic period of 2018 in nominal figures (2.5% lower if adjusted for inflation), and 79.1% higher than the last market nadir in late 2019 (44.2% higher if adjusted for inflation). Trucks four and five years of age took a hit for a second consecutive month.
Despite February’s depreciation, the year-over-year pricing comparison remains positive, continuing a trend that started in November 2024.
